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Despite its large net foreign liabilities America has until now earned a surplus on investment income because its foreign assets (largely direct and equity investment) earn a higher return than it pays on its liabilities, such as Treasury securities.
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Catalonia would earn a fiscal surplus, but it would lose more in trade terms, plus the lesser efficiency and competition effects of being a smaller country.
The welfare of the peripheral region (which earns a fiscal surplus) is then higher in the federation than under separation.
Saudi Arabia earned a delicious $74 billion from oil, letting its government bank a budget surplus of $12 billion, marking only the second time in 20 years it has balanced its books.
"He earned a spot.
(It earned a 20).
Neither earned a decision.
He earned a M.Sc.
Since the introduction of Boeing's 707 around 1960, airlines have shown no earned surplus, only a capital surplus from money raised on Wall Street.
But then I scan down to the net worth statement and find nobody has any earned surplus, just capital surplus, the money raised on Wall Street years ago.
She earned an MBA.
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CEO of Professional Science Editing for Scientists @ prosciediting.com